Litecoin (LTC) Price Analysis: Litecoin’s Hardware Wallet To Become The Harbinger Of Good Times

Long term outlook is bullish. The value may reach as high as $120 by the end of 2019.

Litecoin (LTC) has recently announced of introducing Litecoin-branded hardware wallet. This wallet has been named as ELLIPAL Hardware Wallet 2.0. Before this announcement, Litecoin was adopted by Travala.com. Here is the official tweet from the side of Litecoin confirming the new hardware wallet. After this announcement, the value of each Litecoin (LTC) has surged by almost 14%. The next resistance will be faced at 90 USD and 95 USD. The medium-term outlook places the coin at 120 USD. We should now look at the current statistics of the coin before knowing more details of the prediction.

Current Statistics-

Litecoin (LTC) is the 5th largest coin in the global crypto market.

The ROI (Return on Investment) stands at 1910.01%.

A total of 61,748,511 LTC coins are in current circulation.

The market cap as on 13th May at 05:39 stands at 5,347,557,997 USD.

The value of each coin stands at 86.60 USD and 0.01218707 BTC respectively.

The 24h volume at the same UTC stands at 5,107,511,752 USD.

Comparison-

The growth pace of Litecoin (LTC) is one of the fastest in the year in 2019. The coin started with a humble value of 30 USD and now it is being traded around 90 USD. The highest point of the coin was on 94 USD on 4th April due to the April boom which happened globally. The value of Litecoin has been subjected to many price variations. The market cap of Litecoin in 13th April was 4,964,444,034 USD and the value of each coin stood at 80.97 USD and 0.01585470 BTC. The current market cap and value in USD is 7.71% more than the values of the past month.

Prediction-

As mentioned earlier, the launch of hardware wallet has brought a 14% surge recently; we predict the value to go even higher. The resistance should be at 90 USD, and 95 USD and these values can be seen by the end of this quarter only. By the end of 2019, the value must go past 120 USD easily. The 2020 outlook is also bullish.

Conclusion-

Looking at the prospect of the coin, we advise the potential buyers to start trading now. Buying at such a lower price and selling it at 40% – 50% surge will be hugely beneficial for them.

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.